Pennsylvania-based Customers will buy shares worth $22 million from the founders.
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According to the report, there are 42 million cyber crime victims every year on a pan-India basis. During the last year, 52 per cent of such victims had suffered attacks such as malware, viruses, hacking, scams, fraud and theft.
The Prime Minister's Office has made clear Modi's wishes that the reception planned for him at New York's famed Madison Square Garden should not carry the imprimatur of any community organisation, but be under the auspices of a 'Reception Committee for the Prime Minister of India.' Aziz Haniffa/Rediff.com reports.
According to the US Occupational Safety and Health Administration, the company was being investigated for six months, wherein they found 13 willful and 17 serious violations of worker safety regulations at the company's Houston facility.
Indian investment bank Avendus Advisors on Thursday said that it is in the process of floating a $200 million India specific fund for investing in diversified sectors.
Sujata Sachdeva, Koss Corporation vice president of finance, was arrested by the Federal Bureau of Investigation for embezzling $4.5 million from Koss in just a few months ago. Sachdeva, who worked at Koss since 1992, claims she is a 'shopaholic' or compulsive shopper, a clinical condition known as oniomania.
Govt is using Census 2011 as basis for charting out its financial inclusion plan.
The number of telephone subscribers in India surged to 189.93 million in December 2006, taking the country's tele-density to 17.16 per cent.
US-based drug major Hospira will buy the injectable pharmaceuticals business of Chennai-based Orchid Chemicals for $400 million (Rs 1,860 crore).
Federal authorities alleged that Wal-Mart did not have a programme in place and failed to train its employees on proper hazardous waste management and disposal practices at the store level.
Mahindra Satyam on Wednesday said its board has approved settlement of lawsuits brought by its former client Upaid Systems by paying $70 million.
Vickram Bedi, 37, pleaded not guilty to the grand larceny charges at his arraignment on Wednesday, Westchester County District Attorney Janet DiFiore said.
About 20 million mobile phones without International Mobile Equipment Identity (IMEI) will be non-functional from Tuesday (December 1) as the government's deadline to ban mobile handsets without the unique identification number came to an end on Monday.
The money was supposed to be used to develop an electric version of one of its existing models.
The government plans to impose an additional penalty of $578 million on Reliance Industries for producing less-than-targeted natural gas from its eastern offshore KG-D6 block.
"The Asian Development Bank will provide India up to 700 million dollar in loans to accelerate its roll-out of infrastructure projects through public-private partnership initiatives."
The company had reported a net profit of $92 million in the corresponding quarter of 2012 as it had benefited from a tax windfall of $176 million.
The company will use the proceeds to fund its expansion plan and repay debt.
After posting losses for three consecutive quarters, the global steel giant, ArcelorMittal, on Wednesday posted a net income of $900 million for the quarter ended September 30.The firm's net income of the company in the third quarter of this fiscal was, however, 76 per cent lower from the year-ago period.
Zuckerberg says internet.org can co-exist with net neutrality
The country's internet user base was around 190 million in 2014.
Coffee Day Group, which runs businesses from coffee cafes to wealth management to furniture to logistics, is understood to be readying the stage for a possible $100-million fund raise through the private equity route.
Acquisition is expected to be completed by mid-December.
Aspada Investment Company received the $10 million commitment from the SEDF and will in turn make education, healthcare, and financial services more accessible to low- income people in India and would also invest in agricultural supply chain companies in an effort to support small holder farmers, a company statement said.
Attributing to people familiar with the situation, The Wall Street Journal said, Twitter Inc is nearing a deal to garner as much as $100 million that would buy the fast-growing Internet-messaging company more time to chalk out its business model.
App-based taxi aggregator Ola is in talks to raise fresh funding of up to $400 million.
The e-commerce sector's usage of commercial spaces was about 4.2 million square feet of the total of 17.5 million sq ft consumed in the first half of 2015.
The Kumar Mangalam Birla-led Hindalco Industries is likely to raise $500-million through a QIP or by other routes this fiscal to finance its expansion plans.
President Barack Obama has unveiled an ambitious $100 million project to unlock the "enormous mystery" of the human brain.
The world's largest flawless fancy vivid blue diamond was sold at Christie's for a whopping $23.8 million.
The Nasdaq-listed company had posted losses in the previous three quarters of the 2013 fiscal while for the same period last year, it had reported a loss of $125 million.
By 2017, research provided by NCR Corporation, an ATM maker, suggests that the installed base of these machines in India will reach 400,000 machines, from about 100,000 in the third quarter of 2012.
India has paid another staggering US $ 102 million to Russia, to speed up refit work on the aircraft carrier Admiral Gorshkov, pending a final agreement on a huge price hike of almost USD 2 billion demanded by Moscow.
The company will have to retain independent auditor, do annual compliance review.
According to the RBI proposal, companies can now take the ECB route for raising 10-year funds which is capped at five years now.
Two Indian Americans are at the centre of a case, which resulted in a deal that brought $600 million to the Securities and Exchange Commission, the largest amount it got ever to settle an investigation.
Countering Grupo Mexico's bid to acquire US-based bankrupt miner Asarco, Vedanta Resources group firm Sterlite Industries today said it has increased the cash component of its offer by about $500 million to nearly $2.1 billion.
IT giant close to acquiring Thomson Reuters' health care business.
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